Earnings release
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straumanngroup Ad hoc announcement pursuant to Art . 53 LR 2021 Half - year report – Media Release - Straumann Group further accelerates growth in the second quarter to deliver record first half - year result " ■ Half - year revenue reached CHF 986 million or 63 % organic growth Revenue increased by 103 % to reach CHF 516 million in the second quarter , with all regions reporting impressive sales growth Strong volume growth brought core EBIT to CHF 284 million , with a margin of 29 % Reported net profit rose to CHF 175 million or 18 % , including DrSmile earn - out adjustment Acquisition of Smilink , a doctor - led direct - to - consumer business , further strengthens the orthodontics business in Brazil Full - year 2021 outlook raised to organic revenue growth of above thirty percent , with profitability ( core EBIT margin ) nearly reaching the 2019 level , assuming the pandemic does not negatively impact the patient flow in CHF million / margin changes rounded H1 2021 H1 2020 IFRS CORE1 IFRS CORE¹ Revenue 985.5 985.5 605.1 605.1 Change CHF 62.9 % ( 22.4 % ) Change w / out FX 67.1 % ( 17.0 % ) Change organic 63.1 % ( 19.2 % ) Gross profit 751.6 751.7 421.3 429.8 Margin 76.3 % 76.3 % 69.6 % 71.0 % Margin change CHF 530bps ( 620bps ) Margin change w / out FX 560bps ( 530bps ) EBITDA 332.6 332.6 123.9 140.8 Margin 33.7 % 33.7 % 20.5 % 23.3 % Margin change CHF 1050bps ( 830bps ) Margin change w / out FX 1090bps ( 690bps ) EBIT 278.6 284.0 ( 73.8 ) 100.2 Margin 28.3 % 28.8 % ( 12.2 % ) 16.6 % Margin change CHF 1220bps ( 1090bps ) Margin change w / out FX 1250bps ( 940bps ) Net result 174.6 227.4 ( 93.7 ) 73.6 Margin 17.7 % 23.1 % ( 15.5 % ) 12.2 % Margin change CHF 1090bps ( 950bps ) Basic EPS ( in CHF ) 10.87 14.19 ( 5.89 ) 4.49 Free cash flow 210.2 11.5 Margin 21.3 % 1.9 % Headcount ( end of June ) 8169 7273 1 The ' core ' figures in this document exclude purchase - price allocation ( PPA ) amortization , impairments , restructuring expenses , legal cases , consolidation result of former associates , and other non - recurring incidents . Details and a reconciliation of the reported and core income statement are provided on pages 10ff . Page 1/28